The U.S. Department of Energy (DOE) approved a second $56.8 million disbursement to Holtec for restarting the Palisades Nuclear Plant in Michigan, part of a $1.52 billion loan guarantee. The plant, set to be the first restarted U.S. commercial nuclear reactor, is expected to operate through 2051. Holtec, which acquired the plant in 2022, has…
The Federal Energy Regulatory Commission (FERC) has approved PJM Interconnection’s plan to fast-track interconnection reviews for 50 power generation projects, despite opposition from renewable energy developers. This initiative aims to address potential capacity shortfalls as early as 2026 by bringing 10 GW of power online up to 18 months faster than the normal process. FERC…
The U.S. Energy Information Administration’s latest Short-Term Energy Outlook predicts continued growth in renewable energy, particularly solar and wind, as key drivers of U.S. power generation over the next two years. The electric power sector is expected to add 26 GW of solar capacity in 2025 and 22 GW in 2026, following a record 37…
Global coal demand hit a record 8.77 billion metric tons in 2024, led by China and India, while the U.S. and Europe saw declines, according to a report released by the International Energy Agency (“IEA”) in December. China consumes 30% of global coal, and India’s use grew 5% as both nations rely on coal to…
